Elevation Point Wealth Partners LLC Has $12.71 Million Position in Visa Inc. $V

Elevation Point Wealth Partners LLC raised its stake in Visa Inc. (NYSE:V) by 220.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 42,059 shares of the credit-card processor’s stock after acquiring an additional 28,943 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Visa were worth $12,712,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Platform Technology Partners lifted its stake in shares of Visa by 6.6% in the first quarter. Platform Technology Partners now owns 13,694 shares of the credit-card processor’s stock worth $4,139,000 after acquiring an additional 849 shares during the period. Sound Income Strategies LLC increased its position in Visa by 1.7% during the 1st quarter. Sound Income Strategies LLC now owns 3,787 shares of the credit-card processor’s stock valued at $1,130,000 after purchasing an additional 62 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its holdings in Visa by 8.7% during the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 35,185 shares of the credit-card processor’s stock worth $10,634,000 after purchasing an additional 2,802 shares during the last quarter. Keybank National Association OH raised its holdings in Visa by 3.9% during the 1st quarter. Keybank National Association OH now owns 219,816 shares of the credit-card processor’s stock worth $66,437,000 after purchasing an additional 8,350 shares during the last quarter. Finally, Sage Investment Counsel LLC lifted its position in shares of Visa by 37.3% in the 1st quarter. Sage Investment Counsel LLC now owns 7,047 shares of the credit-card processor’s stock worth $2,130,000 after purchasing an additional 1,914 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on V. Evercore set a $350.00 price objective on shares of Visa in a research note on Wednesday, April 29th. UBS Group lifted their target price on shares of Visa from $390.00 to $410.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. BMO Capital Markets assumed coverage on shares of Visa in a report on Tuesday, April 21st. They issued an “outperform” rating and a $365.00 target price on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $389.00 price target on shares of Visa in a research report on Wednesday, April 29th. Finally, Citigroup decreased their price target on Visa from $450.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Seven research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $397.96.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa is expanding into AI-powered travel payments through a partnership with eDreams ODIGEO, allowing AI agents to initiate and complete purchases across major travel brands, which could create new transaction volume. eDO Taps Visa to Allow AI Agents to Purchase Travel
• Positive Sentiment: Visa launched its Threat Intelligence Platform to help banks detect cyber threats earlier and reduce fraud risk, reinforcing the strength of its network and security offering. Visa Lets Banks Access Its In-House Cybersecurity Capabilities
• Positive Sentiment: Visa continues to show momentum in agentic payments, with successful live transactions alongside partners such as BBVA, Worldline, ING, and Nuvei, suggesting early traction in AI-driven payment rails. Visa and BBVA Prove Today’s Rails Can Handle Agentic Payments
• Positive Sentiment: Analyst and market commentary remain constructive, with Visa cited as a top blue-chip name and Piper Sandler recently starting coverage with an Overweight rating and a $394 target. Visa Stock Surges 12.4% in a Month: Time to Buy, Hold or Sell?
• Positive Sentiment: Visa’s last reported quarter beat expectations, with EPS of $3.31 versus $3.10 expected and revenue up 17.1% year over year, supporting the stock’s premium valuation. Visa stock profile and earnings summary
• Neutral Sentiment: CEO Ryan McInerney sold shares under a pre-arranged 10b5-1 plan, which is worth noting but does not necessarily signal a change in outlook. SEC filing for CEO stock sale

Insider Activity at Visa

In other Visa news, CFO Chris Suh sold 10,639 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total value of $3,455,653.59. Following the transaction, the chief financial officer owned 9,872 shares in the company, valued at approximately $3,206,524.32. This represents a 51.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 31,455 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total value of $10,699,103.70. Following the sale, the chief executive officer owned 15,174 shares of the company’s stock, valued at approximately $5,161,284.36. This represents a 67.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 73,554 shares of company stock worth $24,898,255. Corporate insiders own 0.12% of the company’s stock.

Visa Stock Down 0.2%

Shares of NYSE V opened at $361.31 on Friday. The firm has a market cap of $648.10 billion, a PE ratio of 31.47, a P/E/G ratio of 1.93 and a beta of 0.75. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $362.13. The company’s fifty day simple moving average is $327.17 and its 200 day simple moving average is $324.90. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.75 billion. During the same period last year, the company posted $2.76 earnings per share. The business’s quarterly revenue was up 17.1% on a year-over-year basis. As a group, sell-side analysts forecast that Visa Inc. will post 13.1 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, May 12th. Visa’s dividend payout ratio is 23.34%.

Visa declared that its board has authorized a share repurchase plan on Tuesday, April 28th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the credit-card processor to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.